California Credit Union

California Credit Union
	File:CCU Logo.png
	File:CCU Logo.png
Type	Credit Union
ISIN	🆔
Industry	Financial
Founded 📆	1933
Founder 👔
Headquarters 🏙️	, Glendale, California, United States
Number of locations	24
Area served 🗺️	Los Angeles County, San Diego County
Key people	Steve O'Connel, CEO
Products 📟	Savings; Checking; Consumer Loans; Mortgages; Online Banking
Total assets	$3 billion (2017)
Members
Number of employees
🌐 Website	www.ccu.com
📇 Address
📞 telephone
	;

California Credit Union is a state-chartered credit union in Southern California formerly known as the Los Angeles Teachers Credit Union.^[1]

It was founded in 1933 and is the 14th largest credit union by asset size in California with $3 billion in assets.^{[citation needed]}

History

California Credit Union was founded in 1933 to provide financial services to teachers and others in the education community.^[2] Effective March 1, 2017, it merged with North Island Credit Union of San Diego.^[3] ^[4]^[5]

It offers investment products through CUSO Financial Services.^[6]

In 2011, the credit union reacquired its headquarters building at 701 N. Brand from MPG Office Trust, formerly Maguire Properties. The credit union had sold the building in 2006.^[7]

A branch was held up by three armed robbers in 19966.^[8]

Organization

California Credit Union is regulated under the authority of both the California Department of Financial Institutions and the National Credit Union Administration, an agency of the U.S. federal government. Deposits are federally insured by the NCUA.

Membership

CCU has more than 165,000 members. Membership is available to individuals and businesses in Los Angeles, San Diego, Riverside, and Orange counties, and to residents of California who meet one of the following requirements:

Los Angeles Unified School District employee
Los Angeles County Office of Education employee
Retired educator
Charter school employee
College / university employee
Private school employee
Alumni association member
Parent Teacher Association member

Donations and promotions

The credit union has given books to school libraries.^[9] It offers grants for projects.^[10] The credit union celebrated the opening of a branch in Pasadena with an appearance by a local high school's band.^[11]

References

↑ Lee, Don (January 15, 1997). "Credit Unions on Edge Over Pending Court Ruling". Los Angeles Times. ...the California Credit Union, formerly called the Los Angeles Teachers Credit Union ... changed its name about 18 months ago as it strengthened marketing and opened membership to PTAs and certain student organizations. Since then, California Credit Union's membership has grown 12% to 85,000.
↑ "History". California Credit Union. Retrieved 2018-03-16.
↑ "Glendale Credit Union Completes Merger". =Los Angeles Business Journal. March 3, 2017.
↑ "California Credit Union & North Island Credit Union announce merger approvals". CUInsight (press release). February 28, 2017.
↑ "Two southern California credit unions announce merger of equals".
↑ "California Credit Union-Chooses CUSO Financial Services" (Press release).
↑ Kisliuk, Bill (April 6, 2011). "Credit union reacquires its building". Los Angeles Times.
↑ Riccardi, Nicholas (April 27, 1996). "Armed Robbers Hit Teachers Credit Union. Holdup: Trio takes unknown sum from Sherman Way office. MCA credit union was victimized Tuesday". Los Angeles Times.
↑ https://signalscv.com/2017/03/4th-grade-book-buy-program-launches-support-california-credit-union/
↑ *California Credit Union (February 20, 2018). "California Credit Union Looking to Fund Innovative Classroom Projects: Credit union encourages Los Angeles County teachers to apply for a class project grant" (Press release).
↑ "California Credit Union Showcases Blair High School Jazz Band During Pasadena Member Appreciation Week". Pasadena Now. November 2, 2017.

External links

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[1] Lee, Don (January 15, 1997). "Credit Unions on Edge Over Pending Court Ruling". Los Angeles Times. ...the California Credit Union, formerly called the Los Angeles Teachers Credit Union ... changed its name about 18 months ago as it strengthened marketing and opened membership to PTAs and certain student organizations. Since then, California Credit Union's membership has grown 12% to 85,000.

[2] "History". California Credit Union. Retrieved 2018-03-16.

[3] "Glendale Credit Union Completes Merger". =Los Angeles Business Journal. March 3, 2017.

[4] "California Credit Union & North Island Credit Union announce merger approvals". CUInsight (press release). February 28, 2017.

[5] "Two southern California credit unions announce merger of equals".

[6] "California Credit Union-Chooses CUSO Financial Services" (Press release).

[7] Kisliuk, Bill (April 6, 2011). "Credit union reacquires its building". Los Angeles Times.

[8] Riccardi, Nicholas (April 27, 1996). "Armed Robbers Hit Teachers Credit Union. Holdup: Trio takes unknown sum from Sherman Way office. MCA credit union was victimized Tuesday". Los Angeles Times.

[9] ttps://signalscv.com/2017/03/4th-grade-book-buy-program-launches-support-california-credit-union/

[10] *California Credit Union (February 20, 2018). "California Credit Union Looking to Fund Innovative Classroom Projects: Credit union encourages Los Angeles County teachers to apply for a class project grant" (Press release).

[11] "California Credit Union Showcases Blair High School Jazz Band During Pasadena Member Appreciation Week". Pasadena Now. November 2, 2017.

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